Ipswich Building Society refreshes shared ownership range

Ipswich Building Society has launched two high loan-to-value shared ownership products and reduced the minimum accepted share from 40% to 25%.

The products for purchase and remortgage are a 95% LTV 2-year discount at 3.39% (changing to 3.64% on 2 January) and a 95% LTV 2-year fix at 3.89%, both with a £199 application fee and no completion fee.

The minimum share was increased to help cater for buyers with a smaller deposit. When the share is less than 40% there is a minimum loan size of £100,000.